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Oxy’s Focus on the Permian, Bakken and California

There are three major plays that have the full attention of Occidental Petroleum Corp.’s (Oxy) strategy to significantly grow its U.S. drilling operations — California, the Permian Basin and the Bakken — and they each have their different timetables and challenges, said Oxy CEO Stephen Chazen.

April 29, 2013

EnerVest Utica Acreage Marketed in 13 Packages

EnerVest Ltd. hasn’t nailed down buyers for some of its Utica Shale portfolio in Ohio, but there is plenty of interest in the big leasehold. Now it’s a matter of getting the right prices and the right terms, CEO John Walker said Tuesday.

April 18, 2013
Forest to Run Faster in Eagle Ford on $90M Drilling Carry

Forest to Run Faster in Eagle Ford on $90M Drilling Carry

Forest Oil Corp. has struck an agreement with Schlumberger that the company said will allow it to accelerate development of its Eagle Ford Shale acreage.

April 15, 2013

Shale Growth Causing NatGas Pipeline ‘Replumbing,’ Says Braziel

The day-in and day-out reports from operators ready to build new natural gas pipelines and natural gas liquids (NGL) midstream infrastructure generally have had one thing in common over the past couple of years: most are for the Marcellus Shale. And that’s not going to change anytime soon, according to industry executives.

April 11, 2013

Senate Panel to Vote on Jewell Thursday; GOP Backlash Expected

The Senate Energy and Natural Resources Committee is expected to vote Thursday on whether to send the nomination of Sally Jewell for Interior secretary to the full Senate for consideration.

March 20, 2013

Marcellus Is Still Golden Child Among Cabot’s Plays

Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.

February 25, 2013

Battle for SandRidge Board of Directors Renewed

The war of words between Oklahoma City-based SandRidge Energy Inc. and hedge fund TPG-Axon Capital, one of the exploration and production (E&P) company’s largest investors, was renewed this week, with both sides appealing to SandRidge shareholders for support.

February 21, 2013

Senate Energy Committee Begins ‘Fresh Look’ at Policy

With the domestic shale gale in full force, Senate Energy & Natural Resources Committee Chairman Ron Wyden (D-OR) and Lisa Murkowski (R-AK), the ranking Republican on the committee, vowed Tuesday to work together in a bipartisan effort to rethink energy regulation — but their differences on the issued appear unresolved.

February 13, 2013

McMoRan Reports Big Losses for 4Q, Year

Gulf of Mexico operator McMoRan Exploration Co. on Friday reported a big loss in the final three months of 2012 because of impairments and a sharp revenue decrease related in part to its gassy shallow-water operations.

January 22, 2013

Quicksilver Horn River, Barnett Deals Yet? Wait for It…

During an earnings conference call Tuesday, analysts peppered the management of Fort Worth, TX-based Quicksilver Resources Inc. with questions about efforts to establish a joint venture (JV) in the Horn River Basin and take a partner in the Barnett Shale, but executives were tight-lipped, not wanting to disclose details of talks.

November 7, 2012